The trading volume of US President-elect Donald Trump's own cryptocurrency has exceeded $11 billion per day, according to data from the CoinMarketCap platform.
According to its information, the current trading volume of memcoin is $11.06 billion. The currency's capitalization exceeds $6 billion, one memcoin $TRUMP now trades for about $30.
The newly elected US leader announced the launch of his own cryptocurrency on Friday on the social network Truth Social.
Earlier, Bloomberg reportedthat Trump plans to issue a decree declaring the development of cryptocurrency a national priority of the United States.
Memcoins are a cryptocurrency that is created as a social experiment. Its price depends on the popularity of the phenomenon on the basis of which it was created. For example, memecoins such as politifi - a mix of the words politic (political) and finance (finance) - were created in support of a certain political figure. The price of memcoin depends on the level of support for a policy.
Cryptocurrencies of this format do not carry any value and are a speculative financial instrument, TASS emphasizes.